New York Markets After Hours

Machinery/Industrial Goods

Leggett & Platt's profit more than doubles

SAN FRANCISCO (MarketWatch) -- Leggett & Platt
LEG, +0.42%
late Thursday said second-quarter earnings attributable to the company rose to $52.7 million, or 34 cents a share, from $19 million, or 12 cents in the year-ago quarter. Sales rose 15% to $874 million. Analysts polled by FactSet Research were looking for a profit of 30 cents a share on sales of $822 million. For the full year, the diversified manufacturer forecast a profit of $1.10-$1.30 per share. Wall Street previously forecast 2010 earnings of $1.26 a share. Before the closing bell, shares rose 3.8%.

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